The Australian Bureau of Statistics (ABS) revealed that the consumer price index (CPI) rose 0.8 percent in the September quarter, in line with economists’ expectations, and 3 percent annually. The quarterly increase was driven by the rising fuel costs (7.1 percent) and housing construction (3.3 percent). “Construction input costs such as timber increased due to…
Inflation in Australia up 3 Percent on the Back of Fuel and Housing Price Rises
October 27, 2021
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UK Inflation Edges Lower Despite Rising Fuel Prices
Inflation nudged lower last month despite rising fuel and transport costs. New figures from the Office for National Statistics (ONS) revealed that the rising cost of living slowed last month, but still struck the second-highest reading since 2012 and is expected to increase again, according to economists. The ONS said Consumer Prices Index (CPI) inflation…
US Consumer Prices Surge Higher Than Expected, Hit 13-Year High
Consumer prices rose more than expected in September as food and energy costs surged, new government data show. According to the latest Bureau of Labor Statistics (BLS) data, the annual inflation rate climbed to a 13-year high of 5.4 percent last month, coming in higher than the median estimate of 5.3 percent. On a month-over-month…
Japan CPI Halts 12-Month Decline, Still Well Below BOJ Target
TOKYO—Japan’s core consumer prices halted a 12-month run of declines in August, bolstered by higher energy costs and the impact of a tourism campaign, bringing some relief to central bank efforts to push inflation towards its elusive 2 percent target. Nationwide prices were flat compared with a year earlier, due to a tug of war…
UK Inflation Cools as Clothes Costs Fall but Petrol Hits 8-Year Highs
The UK’s rate of inflation cooled in July to 2 percent, down from near three-year highs of 2.5 percent in June, but was pushed higher by petrol prices hitting highs not seen for nearly eight years. The Office for National Statistics (ONS) said the Consumer Prices Index (CPI) is now in line with the Bank…
US Consumer Prices Surge in June, Inflation Climbs to 13-year High
July 13, 2021
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WASHINGTON—U.S. consumer prices rose by the most in 13 years in June amid supply constraints and a continued rebound in the costs of travel-related services from pandemic-depressed levels as the economic recovery gathered momentum. The consumer price index increased 0.9 percent last month, the largest gain since June 2008, after advancing 0.6 percent in May,…
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